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20121201
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CSPAN 9
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Search Results 0 to 35 of about 36 (some duplicates have been removed)
WHUT
Dec 6, 2012 6:00pm EST
killed in a u.s. drone strike in the pakistani region of north waziristan. the attack targeted a home with a pair of missiles. pakistani intelligence says the victims were suspected militants. the syrian government is accusing western leaders of drumming up support for foreign military intervention by invoking a month on fears of chemical weapons. this week, president obama warned president bashar al-assad against chemical weapons, about an unspecified consequences. speaking to leaders in brussels, hillary clinton followed suit. >> our concerns are that an increasingly desperate assad regime may turn to chemical weapons, or may lose control of them to one of the many groups that are now operating within syria. so as part of the absolute unity we have on this issue, we have sent an unmistakable message that this would cross a red line. those responsible would be held to account. >> in response to the threat, assad's regime has assisted it will not use chemical weapons against its own people, calling an assertion to the contrary to a pretext for intervention. >timothy geithner is says t
FOX News
Dec 6, 2012 10:00am PST
us today. jenna: "america live" starts right now. megyn: fox news alert, the world on edge and the u.s. and its allies potentially on the brink of entering another war in the middle east to prevent syria from doing the unthinkable. welcome to "america live," everyone, i'm megyn cel by. just days after he first reported on concerns syria was actually mixing chemical weapons that could kill thousands of people at a time, we get word that the regime has loaded the nerve agent into bombs that could be dropped, we don't know when. the president earlier this here, our president, called chemical weapons use a, quote, red line that would get an immediate response from the united states, and here's what the white house said about it moments ago. >> to the administration any more urgent than 48 hours ago? >> i think we've been clear all week about our concern -- well, probably longer than that, but since this has been a heighten, an issue that's getting heightened attention, we have made clear, i think, in very stark terms our concern about it. i wouldn't want to characterize our assessments bas
CSPAN
Dec 7, 2012 2:00pm EST
about in you're so vain and will you share that with us? >> i think it's warren beatty. >> and he says not. >> that's what my information was but again that information has not been updated for 40 years. [applause] >> now that that the turnpike extends past the city to the airport, any thoughts about revising the song? >> you mean the turnpike no longer ends in boston, it goes all the way to summer set, no. what town is the airport in? >> that's got a ring to it but it doesn't rhyme. that's the thing is the internal rhyme. that song has four rhyming schemes going at once. it's got to be boston unless they take it to aust tin texas. [applause] >> i want to thank all of you for joining us this afternoon. i want to remind you of our next lunch on december 18, we have leon panetta, i'm sure if you have some advice on how to stolve fiscal cliff i'm sure heed like to hear that. >> while you are writing your next song i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the
CSPAN
Dec 9, 2012 10:30am EST
. this bill allows us to have the resources we need to get more uninsured americans into the health-care system. it reduces costs and will make as a stronger nation. >> peter shumlin is joining us from vermont. thank you very much for being with us. >> thanks so much for having me. >> why did he decide to take this job? >> it is a fascinating question. they're going to start this cycle $30 million a behind were the republican governors association is. they have opportunities across the upper midwest and states like florida and on the west coast. the governor of arizona is not so convinced she% limited. she think she can run. sheikh -- she is a term limited. she thinks she can run. even some states in the south and along the atlantic coast. there are tons of opportunities for democrats. they are $30 million were the republicans governors association is. >> a lot of democratic senators are up for reelection. the pool of money will be pushed also for these governors races and more democratic than republican seat in the senate. >> there arare far more democrat of for reelection in 2014
CNBC
Dec 28, 2012 9:00am EST
us and we're going to get a deal that has some integrity. and i've said before, if we get anything that makes meaningful step towards fixing our fiscal problem, you're going to see the market go up a couple thousand points. i think that is a, you know, 20% chance in 2013. i think we could really go some place, if politicians show some leadership. >> that's only 20% that they have integrity. >> yeah, yeah. that's up from earlier today. >> thank you, john, thank you guys for being with us today. make sure you join us on monday. "squawk on the street" begins right now. ♪ >>> good friday morning. welcome to "squawk on the street" on this final friday trading session of the year. i'm carl quintanilla at the new york stock exchange, along with melissa lee. >> that's a good song. >> i actually requested that a few moments ago. cramer and faber had the day off. the market has a few jitters as we enter what is going to be an interesting day. of course, the meeting at the white house, 3:00 between the president and some congressional leaders. as for europe, getting some data out of japan o
FOX Business
Dec 14, 2012 1:00pm EST
brand joining us on the state of luxury. adam: right now it is time to check stocks. we will add to the floor of the new york stock exchange. nicole petallides standing there. we are looking to end the week which way. >> reporter: let's see. right now at 13,161, ever so slightly in positive territory. when you look at the markets, keep an eye on 13,155. that is where we ended last friday. we have been up four straight weeks several. the dow has been trending to the upside. when you talk to traders on wall street a continue to think that the rally is in place. the dow, s&p, and nasdaq gaining 45%. these last four weeks. "we are obviously looking good. you are seeing some of the names on the move here. for example, the fear indexes to the upside. names like alcoa, cisco, caterpillar, hewlett-packard are helping the dow along trying to keep the names that are helping. the weighing on the dow would be some of the stocks such as american express, merck, and exxon mobile. adam: we will check in again with you and roughly 15 minutes. thank you very much. lori: congress of for the weeken
CSPAN
Dec 14, 2012 9:00am EST
against the u.s. skimping on care. host: this from sasha -- guest: that is one proposal that gets floated by democrats. medicare part d bargains for drugs. i do not know -- i do not think it would be a cure all, the one proposal that would fix everything. democrats think it would reduce the cost of medicare. host: is there a plan b? guest: we have seen them as the january 1 deadline before and get 30-day extensions. at some point they were working without an extension. medicare told doctors to hold off on submitting your claims for a little bit. that is a situation we have ended up in before. if we're talking months, we're talking about big pay cuts for medicare doctors. that would be uncharted territory. host: joe from arizona on the republican line. caller: good morning. if we look at it logically, sarah is on the right track. we have become a society with honesty as a technicality. you can get more money but you break the law. our society -- you need to stop your people on the show, politicians and say, i asked you a question and you didn't answer it. this is why the doctors in medicar
CSPAN
Dec 18, 2012 12:00pm EST
impression on a great many people around the world, and especially on the 100 of us who serve here. he commanded our respect in a remarkable way. part of it was because of his service in the war. he and bob dole, our former colleague, literally were wounded at about the same time in europe and were in the same hospital recovering from tremendously serious wounds. senator inouye, of course, later was awarded the congressional medal of honor for that. senator pryor was telling the story that when senator inouye was finally elected to congress he wrote senator dole a note and said, "i'm here. where are you?" because both of them, when they were recovering from their war wounds, had determined that one day they wanted to serve in the united states congress. inouye got here first. a few years ago senator inouye and senator ted stevens invited a number of us to go with them to china. it was quite an experience. senator stevens -- of course, another world war ii veteran -- had flown the first cargo play plane into what was then peking in 1974. and senator inouye was well-regarded in china for
FOX Business
Dec 14, 2012 4:00pm EST
up an expert telling us why these exchanges could spell trouble for doctors, hospitals and insurance companies. liz: but what drove the market in the data download? stocks erasing weekly gains with all three major indices ending the week lower with the s&p snapping a three week winning streak. consumer discretionary and utilities for the week's worst performing sectors. the euro surged to its highest level in seven months at the dollar dropped for the fifth day in a row versus the euro to go up another penny to $1.31 is pretty significant, language for the dollar 30, see you hitting the intraday high, u.s. consumer prices dropping for the first time in six months in november following 0.3%. the decline was driven by 7% plunge in the government's gasoline price. dave: a lot to talk about and we will get those details. dan is in the pits of the cme. jason fried telling us why european equities might be the best place to be. and brian is going to tell you how to play these markets if we go over the fiscal cliff. let's start with dan. i want to start with apple. what to you hear from fol
CNBC
Dec 3, 2012 1:00pm EST
month for the bulls. >>> first interview, david faber is going to join us with the ceo of charter communications. that is thomas rudd ledtledge. we'll get his take on the economy and the company's growth plan. a cnbc exclusive. >>> would you get a mortgage from that girl? no, from walmart. a lot of people say they would. what's that all about? we're going to run it down later on "power lunch." >>> we start with my partner sue herera in the center of the action downtown at the nyse. >> stocks are slightly lower right now despite those fiscal cliff anxieties. they've been pretty steady throughout the day. the s&p 500 broke above its 50-day moving average, believe it or not. earlier in the day it's backed off a little bit. economic news and new data shows u.s. manufacturing falling to its lowest level in three years. and there is a little nervousness about the president taking to twitter at 2:00 p.m. eastern time to talk about the fiscal cliff negotiations that are going on. but it is the first trading day of the month and some on wall street are getting bullish for year end. it is g
CNN
Dec 28, 2012 9:00am PST
that divides russian society. but make no mistake, it is a power play. it's a response to that u.s. act, as you mentioned, a law signed by obama a couple of weeks ago intended to penalize, sanction russian officials connected with this particular custody case and this tax evasion case in russia. >> so matthew, this law would go into effect january 1st. is there any chance that those cases that are pending where the paperwork is finalized and where people are expecting their children, essentially, in a month or two would be allowed to go through? >> well, there is a question mark hanging over those. there are 52 children, according to the kremlin, that are in the middle of this adoption process with u.s. parents. the law, as you say, starts on january the 1st, but it's only a couple of days until then. so unless that can be finalized, my expectation is that that will be put on hold and indeed that's what russian officials are saying, that they don't think this law has been enacted from january the 1st, these children should be allowed to go to the united states. instead there's been a call for r
FOX News
Dec 6, 2012 8:00am PST
no brand-new stories and breaking news. jenna: fox news confirming chemical weapons are now ready for use in syria. the military awaiting orders from president bashar al-assad to launch the deadly nerve gas on its own people. what is next for us and the rest of the community. the national hurricane center getting blasted for something it didn't do. we'll talk about that with janice dean. plus one man running seven ultramarathons on seven continents in seven days. why? is the big question. it's all "happening now." we'll start with news from overseas, very disturbing developments out of syria today. glad you're with us, everybody, i'm jenna lee. jon: good morning, i'm jon scott. as the violence rages out of control. fox news confirms syria's military finished mixing saran gas. they are waiting for orders from bashar al-assad. only 60 days before the gas expires and needs to be destroyed. all this comes as secretary of state hillary clinton gets ready for a rare meeting with her russian counterpart on the crisis rocking syria. that could be a sign that russia might now be ready to shift its
CSPAN
Dec 6, 2012 8:00pm EST
a factory in china and sell cars. they can delay paying u.s. taxes on that indefinitely. but the money comes from the rent, as so-called passive income, they have to pay taxes on that immediately. this provision says if your a bank -- you can be late paying your taxes. it is going to be considered active income. it is quite valuable to them. it is kind of a gray area. in 1986 when they did big tax reform, they said that is active income and we should tax that money. host: we have been talking with sam goldfarb from cq roll call. thank you very much. >> explores the history and literary culture of all money -- of albany. tonight on c-span, a senate debate on the fiscal cliff. shaun donovan discusses it. harry reid and mitch mcconnell when back-and-forth on fiscal cliff issues and a proposal to raise the debt ceiling. here is part of their exchange. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially
CSPAN
Dec 23, 2012 4:30pm EST
. forbes discusses his book, "freedom manifesto," a follow-up to his book "how capitalism will save us." >> now joining us on booktv is magazine publisher, politician and frequent author, steve forbes, whose newest book is coming out in august of 2012 and it's called "freedom manifesto: why free markets are moral and big government isn't." we are at freedom fest in las vegas, where mr. forbes is speaking. mr. forbes, why is that free markets are moreover, but that government isn't. with an example of that? >> remake the emphasis of big government. going back to it james madison defined. but in terms of big government not being moral, it is the opposite of what it purports to do and creates an environment we have less ability to get ahead increased dependency and not a sense of independence. it plessis crony capitalism, which hurts oil entrepreneurship and creativity. all the things the government says it does hopes the poor to make sure the markets: the right direction. they do the opposite. their short-term oriented, writes to the next election. they have their own agenda. they don't
CNBC
Dec 27, 2012 6:00am EST
undercarriage. but spain and the undercarriage is not something any of us need. but i think that howard dean, we didn't have time to go back and get howard and stuff. but howard said the best deal the democrats are going to get is to go over the fiscal cliff. taxes go up, then you go the republicans in position where they're getting the lower taxes. then patti murray. >> i just hope that people are paying attention that what we are seeing is basically the best world for politicians, they put off the and then everybody is going to pretend, oh, it's something happened. and nobody in the meantime is representing the interest of the american people. you know, we've got both parties in a position to negotiate this is what we want, this is what we elected and they're doing everything they can to not pay attention to that and to go to their separate corners and to be separate and to pretend that their way is not the only way. >> and it could result in people being called into, like, their supervisor's offices and their supervisor goes, i'm sorry, people are actually losing jobs because of this. >> but
MSNBC
Dec 4, 2012 3:00am PST
. >>> good morning. it's tuesday. december 4th. welcome to "morning joe." with us onset, we have msnbc senior political analyst mark haleprin. oh, my god, please stop. just get it off. get it off -- >> pulitzer prize-winning historian jon meacham. "the art of power." >> so you know why i'm doing this. last night, mika goes to madison square garden thinking she's going to see one direction and teenage girls screaming and all that. >> yeah. >> instead, her car gets sidetracked, she winds up at the 92nd street "y," and there are a bunch of screaming girls at the "y." jon meacham's new number one selling book. >> i tried to hand your book out last night at the concert. they weren't interested. >> well, they've probably already got it. >> i've never been to a pop concert. >> did it change your life? >> i have never witnessed such an epic meltdown on the part of thousands and thousands of teenage girls. >> metdown. screaming -- >> screaming. >> other than the group that was at the 92nd street "y" last night that screamed at jon meacham. he was throwing wigs at them. >> jefferson versus one directio
CNBC
Dec 7, 2012 6:00pm EST
. >> that is it for us here at "money in motion." your next chance for a trade sunday afternoon. cnbc. have a great weekend. >>> i'm jim cramer, and welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere and i -- >> "mad money." you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to help you save some money. my job is not just to entertain you but i'm trying to educate and teach you. call me. 1-800-743-cnbc. you want to get a sense of just how important this -- i hate to even say it anymore -- fiscal cliff is? today we got an incredible employment report from the labor department. with 146,000 new jobs. i was looking for 90,000. the unemployment rate dropping to 7.7. i thought it might be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the poten
FOX Business
Dec 20, 2012 11:00am EST
in vinegar and. we may as well have tomorrow's conversation today. >> it seems as if this helps us understand what is going on. i will bring a new perspective to the fullest fiscal cliff. connell: please. >> what the democrats have been trying to do is get the republicans to agree to raising the rates on [people. if they were to do that, it would at this rate the republican brand which is the do not raise tax rates. connell: they do not care what the level is? >> right. that is what republicans want to run on. if they agree on increases around $20,250,000, then the democrats could say you are not any different than us. what they are trying to do with the million dollar limit is basically take that problem off the table. i think he is actually succeeding with that which is what it would be very hard to agree with that million dollar figure. it will not go very far. the other side of it is the spending in this the questioner. this is the it part of the fiscal cliff. connell: if you look at interest rates, today we bring up the ten year yield, the real movement on this, the real solution to the
CNBC
Dec 8, 2012 4:00am EST
hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks aren't any worse and may actually be better than a cup of joe from starbucks? let us count the ways that this analyst meeting slash lovefest, they will tell you that there's no better way to preserve your heart than to drink a taste of monster every morning. now, analysts will be plenty hopped up when they come out of this meeting because they'll be recommending this stock in high-speed fashion. next on wednesday we're going to get the results from joy global. here's the company that has the best read on chinese growth of all the companies i follow. in fact, joy global called the bottom in the slide over there by analyzing data on chinese electricity use. can't be jiggered. people think this is an original equipment business, but i've got to tell you once again we're going to hear from the straight-shooting ceo michael sutherland that maintenance is more important. maintaining it is the equivalent. i'm going to listen to what he says about india. we don't talk abou
CSPAN
Dec 19, 2012 9:00am EST
of the to u.s. patriot missile batteries as part of the nato effort to try to help protect our turkish allies against the threat of missiles from syria. even as we have asserted our strong and enduring commitment to the middle east, we are also renewing and expanding our engagement in the asia-pacific region. the core of our rebounds is modernizing our existing network of alliances and security partnerships throughout the region. and developing new security relations as well. over the past year, we reached major agreements with japan to realize our forces and jointly develop guam as a strategic hub. we afford to strengthen cooperation for the republic of korea, in space, in cyberspace, and intelligence. we begin a new marine rotational deployment to australia as well as increased air force cooperation. likewise, we are deepening our engagement and developing rotational deployment with allies and partners such as singapore and the philippines, and expanding our mil-to-mil dialogue and exchanges with china. we are also enhancing our presence and capabilities in the region. that includes reality
CSPAN
Dec 13, 2012 1:00am EST
intact. it's shames will and we need to do more than that. the people who sent us here deserve more than that we should not be crying out in the wilderness to work, we have been sent here to work and we need to get down to it. in the final hours of this congress and we have the threat of working christmas, if we have to do it to get things done, i'm willing to do that, but the majority should help solve the nation's most pressing issue, that's why we're here. do not activelyhoose to leave the work unfinished. as we silt and wait for gos on the fissclaldeliff, the other -- there is other legislation that's ready that could be done now, could help our markets, relieve the mind of employer, could give security to the middle class and people below that and we certainly ought to be doing it. today's rule simply does the following. all we're doing now at this minute is we're giving the majority the freedom to spend the rest of this month and the rest of this year on minor, noncontroversial legislation. i refuse to give this blank check to a majority that has yet to show any interest in complet
CSPAN
Dec 12, 2012 1:00pm EST
with everyone in our country paying his or her fair share. so this rule today that says give us authority to have other bills brought to the floor, well, one of those bills is the middle income tax cut, we are happy with that. but if that isn't the plan, then i urge my colleagues to vote no on the previous question because that will then enable us to bring a rule to the floor which calls for bringing forth the middle income tax cut before we leave here. again, we support the president and his proposal, which is fair, which reduces the deficit, which creates jobs, and which will work for the american people. with that i yield back the balance of my time. the speaker pro tempore: the gentlelady's time has expired. gentleman from texas. mr. session: thank you very much, mr. speaker. with great respect to my dear friend, the gentlewoman from san francisco, and the minority leader, i'm delighted that she came down to engage us on this very important issue. the gentlewoman does recognize and know that the house on august 1, in fact, did exactly what she has suggested that they, and that is to t
CSPAN
Dec 16, 2012 7:00am EST
, december 16, 2012. the flag over the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfort and pray." national newspapers also digging into this story. "the new york times" says that the peopl
CSPAN
Dec 26, 2012 9:00am EST
] -- melissa hart. >> and finally, all of you make such a difference to us. when i think about what makes a successful of the law school, having a diverse, inclusive and collaborative community about standing -- outstanding students, faculty, alumni, and friends, gives us -- the members here come and there are several, very supportive a lawns, professors, this community can come together and really make a difference. and you all matter in so many ways, so want to thank all of you. i can't name you all, but you really help make us successful. now, when justice ginsburg agreed to, she said don't want to give a lecture, but i would like a fireside chat. and i said that would be lovely. and then gave myself a challenging assignment of coming up with a plan for our conversation. it was easy to know where to start, which is what a pioneer you have been, and many people here forget that in the 1950s there were very few women in law school. if you might start by reminding those who remember, and helping to enlighten those who don't, what that was like. >> in those ancient days, i began law school
CSPAN
Dec 27, 2012 5:00pm EST
more on where you see us going? >> very briefly, i think that we are in a state of sustained bewilderment. because, let's face it. in the 1930's, the new deal, despite some early successes failed by 1936 or 37. 1938, we have the second great depression. it was only the war that managed to do the recycling the new deal failed to accomplish, due to fdr's backtracking. now we have a world economy which conceivably, that technically finds its way forward to plug the gaps and black holes. 20the g-20 easily agreed to a plan that is very much like that which john maynard keynes proposed in 1944. but it is unlikely they will. it is a comedy of errors. the european leaders are competing to produce a plan that is more idiotic. they are so entrenched. they are so parochial. they are beyond squabbles. they have a horizon of 8 months to the next federal election in germany, for instance. greece therefore is the sick person europe. of the world. meanwhile, the united states of america is ungovernable. you have a system in this country that was created to create this country as an ungoverna
PBS
Dec 4, 2012 10:00pm PST
the average for construction workers. >> jay guilford, actually, this is what he was using... >> smith: to find out why, reporters at frontline and propublica investigated the 50 cell related deaths. but did they address the question of responsibility for... after pouring over thousands of documents, we discovered a complex web of subcontracting that has allowed the major carriers to avoid scrutiny when accidents happen. >> any of your cell phone carriers, as far as their concern, safety is our issue, not theirs. >> smith: ray hull is a tower climbing veteran. before cell phones, he worked mostly on tv and radio towers. >> any major tower company knew who i was, knew who my dad was, my granddad. i'm third generation in that line of work. >> smith: but with the boom in cell phones, the industry suddenly changed. >> there was a big push for these cell companies to start expanding out and covering the dead areas, everybody trying to outdo everybody. >> 15, 20 years ago, a good tower company might... might build four towers a year. now timelines are radically different. so instead of contr
CSPAN
Dec 13, 2012 7:00am EST
also contact us on twitter, facebook, or by e-mail. you can see the addresses on your screen. let's start with an update on the so called "fiscal cliff." this is the washington post -- in a side arbucarticle -- that the washington post report on the fiscal cliff this morning. here's an article from "washington times" -- now this is from "politico." a situation that was in the paper couple weeks ago. looks li finally, before we go to phone calls, this article from the daily caller -- again, that is reported in the daily caller. we begin with a call from diane in julian, california, on our democratic line. caller: good morning, peter. my prediction came true, reelecting a president. women against violence acts, being held up by the house. john boehner and the republican house majority leader eric cantor. i tweeted last night quiet late saying the republicans are going to gang up on john boehner. there is an article in the new york times showing they feel he is dragging his feet and waiting until january 3. i also understand that the chairman of the government oversight and reform co
CNBC
Dec 17, 2012 6:00pm EST
, in general. but i think that the conclusion of the housing crisis is upon us. which means there will be more money going to building and fixing up homes in 2013 than there was in 2012. so that means there will be up comparisons, and that's good. there will be sure to buy housing-related play into the fiscal cliff jump if we get one next week. oh, and i'm including banks. they've really taken off here, too. in large part that is because the housing crisis is over. how about the rest of the world's growth? not that long ago we heard very smart short sellers write off both china and europe it was on a year ago that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that co
CSPAN
Dec 16, 2012 6:00pm EST
can take the happiest and most comfortable people and use malicious, rhetorical skills to arouse popular discontent with their government, with their rulers, with everything around them, even themselves. this is one of the weaknesses, he said, these are his words "one of the weaknesses of human nature of which ambitious politicians make you to serve their purposes." i year before he uttered those words, a group of boston rebel rowsers convinced americans they were miserable, and to quote hitchenson again, "those who think they are misrabble are so despite real evidence to the contrary." now, i doubt if there's a single one of today's tea party patriots who knew what the original tea party and tea party movement were about. far from being patriots, the original tea partyers were smugglers. some of them, among the wealthiest men in america, merchants, among them, john hancock, yes, thee bold john hancock on the declaration of independence whose name is synonymous with signature. long before that, he was arguably the wealthiest merchant banker in america living on beacon hill with a
CNBC
Dec 19, 2012 11:00pm EST
's incredible news about general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than a million people out of work, if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is now producing more oil than any other time in the last 17 yea
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